Baader Bank Aktiengesellschaft Purchases New Shares in Barrick Gold Corp (NYSE:GOLD)

Baader Bank Aktiengesellschaft acquired a new position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,643 shares of the gold and copper producer’s stock, valued at approximately $344,000.

A number of other hedge funds also recently bought and sold shares of GOLD. AQR Capital Management LLC lifted its position in shares of Barrick Gold by 24.8% in the 2nd quarter. AQR Capital Management LLC now owns 43,901 shares of the gold and copper producer’s stock valued at $732,000 after acquiring an additional 8,712 shares in the last quarter. Creative Planning lifted its holdings in shares of Barrick Gold by 25.6% in the second quarter. Creative Planning now owns 108,493 shares of the gold and copper producer’s stock valued at $1,810,000 after purchasing an additional 22,103 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Barrick Gold by 61.0% during the second quarter. NewEdge Advisors LLC now owns 164,352 shares of the gold and copper producer’s stock valued at $2,741,000 after buying an additional 62,271 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Barrick Gold by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,999 shares of the gold and copper producer’s stock valued at $650,000 after buying an additional 731 shares during the period. Finally, Truist Financial Corp boosted its position in Barrick Gold by 27.8% during the 2nd quarter. Truist Financial Corp now owns 95,794 shares of the gold and copper producer’s stock worth $1,598,000 after acquiring an additional 20,842 shares during the period. 62.85% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Stock Performance

NYSE:GOLD opened at $16.56 on Friday. The firm has a market capitalization of $28.60 billion, a PE ratio of 17.81, a PEG ratio of 0.30 and a beta of 0.54. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The firm’s fifty day simple moving average is $16.32 and its 200 day simple moving average is $18.26.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.42%. Barrick Gold’s dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup dropped their target price on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. TD Securities lowered their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.92.

Barrick Gold Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.